Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 758,826 shares of the company’s stock after purchasing an additional 22,715 shares during the quarter. Toronto Dominion Bank’s holdings in Mondelez International were worth $45,325,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new position in shares of Mondelez International during the 4th quarter worth about $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the fourth quarter worth approximately $27,000. Transce3nd LLC purchased a new position in Mondelez International during the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the fourth quarter worth approximately $31,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International in the 4th quarter valued at $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on MDLZ. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Barclays upped their price target on Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. UBS Group raised their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Mizuho boosted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company increased their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.55.

Mondelez International Price Performance

MDLZ opened at $65.32 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market cap of $84.58 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $66.15 and a 200 day simple moving average of $63.37.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.